For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Amrapara branch in Pakur, Amrapara, Jharkhand, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Pakur or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0005929. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Amrapara, Pakur

Here are some of the key details that come with the IFSC Code BKID0005929 of Bank Of India for its branch located in Pakur, within the district of Amrapara in the state of Jharkhand.

Particulars Details
Bank Bank Of India
IFSC Code BKID0005929
Branch Amrapara
City Pakur
District Amrapara
State Jharkhand
Address Bank Of India Amrapara Branch Vill Amrapara Po Amrapara Pakur Road

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Pakur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005929 for the Amrapara branch of Bank Of India is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Amrapara, Pakur, Jharkhand, is provided a unique IFSC like BKID0005929 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of India branch in Pakur.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Pakur and Amrapara.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Amrapara do not get misguided to another person.

Format of the IFSC Code BKID0005929

The format of the IFSC Code for banks, including Bank Of India, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Bank Of India, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Amrapara in Pakur.

For example, the IFSC Code BKID0005929 of Bank Of India for the Amrapara branch includes these elements, identifying the bank and the branch location in Pakur and Jharkhand correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005929 of Bank Of India for its Amrapara branch located in Pakur, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Pakur and Amrapara, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Amrapara or Pakur to get the exact IFSC Code BKID0005929.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bank Of India and Pakur, you'll get the correct details.

How to Use IFSC Code BKID0005929 for Online Transfers?

Once you have the IFSC Code BKID0005929 for the Amrapara branch of Bank Of India in Pakur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005929. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Bank Of India IFSC Code BKID0005929.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Amrapara in Pakur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Amrapara, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Bank Of India website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Pakur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Amrapara Pakur?

The IFSC Code of the Amrapara Pakur branch is BKID0005929.

Is IFSC Code BKID0005929 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Amrapara branch?

The branch is located at Bank Of India Amrapara Branch Vill Amrapara Po Amrapara Pakur Road.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.